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Account Receivable Payment

oboloo Glossary

Account Receivable Payment

Account Receivable Payment is the amount of money a business is due after goods or services have been provided and sold. It’s the money owed to a business by its customers, and it must be collected in order for that business to remain financially healthy. To ensure prompt payment, businesses will often set up an efficient system for tracking receivable payments and issuing invoices on time – both of which help ensure the timely collection of funds due. By taking the necessary steps to track, secure, and collect your account receivable payments, you can ensure the financial health and sustainability of your business.

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